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Barrier Swap

A swap that comes with an embedded option whereby a counterparty has the right to activate or deactivate the swap...

Treasury Linked Swap

Broadly speaking, a swap that is linked to the performance of treasury securities (T-bills, t-notes). Actually, however, the treasury-linked swap...

Level Payment Swap

A swap agreement that practically converts the cash flows from an amortizing debt instrument into a fixed payment at the...

Monthly Overnight Average Swap

An interest rate swap whose floating rate leg is based on the average overnight lending rate over a specific period...

Mismatched Payment Swap

A swap agreement that entails the exchange of two payment types at different times and/or at different intervals. In other...

Eligible Swap Participant

A party which is permitted to enter into a swap agreement without having to comply with otherwise applicable regulations. Exemption...

Super Floater Swap

A swap which imitates the characteristics of a super floater bond for the construction of the floating rate leg. The...

Short Term Interest Rate Swap

An interest rate swap whose maturity doesn't exceed 2 years. A short-term interest rate swaps (STIRS) involves the settlement of...

KO Swap

An interest rate swap with an additional feature of a knock-out (KO) barrier. In other words, a knock-out swap terminates...

Collar Swap

An interest rate swap in which an embedded collar is placed on the floating rate payment. In other words, the...